BRIEF-Quarterhill To Acquire Conduent Tolling Solutions Business

June 30 (Reuters) - Quarterhill Inc QTRH.TO:

  • QUARTERHILL TO ACQUIRE CONDUENT TOLLING SOLUTIONS BUSINESS

  • QUARTERHILL - DEAL VALUED AT $70 MLN CASH PLUS 7% OF QUARTERHILL SHARES

  • QUARTERHILL - COMBINED BACKLOG EXPECTED TO BE $2 BILLION UPON CLOSING

  • QUARTERHILL - CASH PORTION OF DEAL TO BE FUNDED THROUGH DEBT

Source text: ID:nCNWpFQB5a

Further company coverage: QTRH.TO


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